Stock Up on Hybrids

According to a recent study conducted by JPMorgan, hybrid sales are about to take off. Last year, there were some 480,000 total hybrid vehicles sold around the world, which represents less than 1% of global sales. By 2020, though, JPMorgan predicts that 11.28 million hybrids will be sold annually, representing over 13% of all vehicles sold. Much of that increase in sales will be attributed to the United States, as the report suggests that hybrids will capture nearly 20% of total market share in this country.